 "For the first time, I was seriously realizing I could live totally moneyless." Um yeah... because you hitch hiked off other people's generosity, and used clothing and tools created by the money-society you are pretending to reject. And then took a flight to Thailand and India, using a plane built by thousands of years of human ingenuity and progress which was enabled by trade and exchange, which was in turn facilitated by money... and then reported about it on a computer. The dude is a 'tard. Wanna live off the grid? Fine, that's cool. But unless you're crafting tools from wood and stone and living in a shelter made of logs with clothes made from grasses and deer skins, then you're just fooling yourself. A moneyless society is a society of starvation and utter poverty, and a world without trade, production, and exchange is a world without the leisure time one might desire for the purposes of reflecting on such fantastical notions as "a world without money." I've been putting off coming into this thread because the thread's title seemed absurd, and now that I've finally gotten around to reading the OP's link, I have to give a +1 to evoorhees here. |
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Cool, so who's ready for under $5 bitcoins again. This is getting too easy.
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I never was much of a trader, and have not exchanged USD/BTC since around $2.35, but... This subforum was one of the ones I read most often. I'm almost certain that some of the material I absorbed from this source factored into some of my decisions about when to make purchases. In some cases it was a negative association. For instance, when I saw Proudhon getting vocal about how BTC was going to zero, that probably induced me to go ahead and pick up another hundred or so  I'm sure that he was practicing reverse psychology and pocketed a lot of my USD however. All I can say is thanks to him...I collected many more BTC in the $2.?? range than I ever thought I would be holding even as a total. You're welcome. |
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this M failed to develop previous trend can continue  Looks like a big crash is coming.  |
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It's asshats like this crew that give anarchism a bad rap.
Just you wait until you get to hear my rap. How long should I wait? |
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Pfffft. "Self described anarchists". It's asshats like this crew that give anarchism a bad rap. |
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There's no way I would have been able to grab as much money as I have without the speculation forum.  |
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God, this market has become so incredibly predictable now, and profitably so. I mean, seriously, the manipulators, if indeed they even exist, have allowed their manipulations to become a very predictable and profitable venture.
hehe. interesting. so you're saying one can profit by selling above $5 and buying below $5? Well, if everyone does this... Stability! |
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$5 very well may be an important resistance/support zone before moving up (like $1 was early last year), but I can almost guarantee that a move away from $5 will not be like last year's move away from $1. I think a strong break away from $5 might, might, retest the 2012 high. And maybe, maybe, set a new high for 2012. But, I'm doubtful of a move to $10, to say nothing of a move beyond $10, this year; and regardless of how high the price goes during the remainder of 2012, well, you know what I think about that.
highlighted a few key words their theirs no reason to think we wont see an other crazy boom in price. in fact i would say a huge boom up and over 32 is inevitable! Due to the self perpetuating nature of bitcoin(it really works!). It could take 10 years... but its going to happen.. 50$ a bitcoin only means 500 million dollar Market Cap... its really not that much when you think of the bitcoins global reach, and its utility (its e-gold, no not e-fools-gold, real fucking e-gold) once you sold out it all at 10$ will you ever buy back if it never goes lower?  or will you part of the 99% that dont use bitcoin  yes i know, my theory can't be backed up by fancy technical analyst, lol trolling is fun!10 years is beginning to sound about right to me to sustainably make it up to and over the 2011 high. |
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Is Atlas still around?
Didn't he call the police and get in trouble or something?  Will you ask Matthew? |
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so is time to make M ? does anyone want a W ?  I don't know. I'm seeing serious divergence, though. Could be up or down.  |
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I think we're going to see panic selling soon. Maybe even strong enough to push past the famous $3.80 zone.
proudhon, the famous anti-indicator These are just wobbles - basically noise, at this point. As usual the name of the game is sell/short above $5.15 if you can, buy back/cover below $5. Rinse, repeat. |
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a test to the 5,00 wall will be done the question is has anyone ++20k to hammer that wall down ?
The answer is very clearly 'yes'. the real question is...what is he waiting for? does he think he could sell 20K bitcoin in a few days and get an average price of 5.05 pre BTC? MAYBE! we are moving on up, 5$ is where the tables turn, its been really hard getting over 5$, but that's a good thing.  no 5$ is the new 1$  $5 very well may be an important resistance/support zone before moving up (like $1 was early last year), but I can almost guarantee that a move away from $5 will not be like last year's move away from $1. I think a strong break away from $5 might, might, retest the 2012 high. And maybe, maybe, set a new high for 2012. But, I'm doubtful of a move to $10, to say nothing of a move beyond $10, this year; and regardless of how high the price goes during the remainder of 2012, well, you know what I think about that. |
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a test to the 5,00 wall will be done the question is has anyone ++20k to hammer that wall down ?
The answer is very clearly 'yes'. |
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God, this market has become so incredibly predictable now, and profitably so. I mean, seriously, the manipulators, if indeed they even exist, have allowed their manipulations to become a very predictable and profitable venture.
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Why do you think a short squeeze is coming? If anything, it's already come and gone.
Because it cost more to short bitcoin right now, and cost less to go long. So if it cost more to short bitcoin then alot people are either short or have a highly leverage position or have no us dollars. The interest rate is there so they can have a equilibrium and have bitcoins and US dollars. So, the price goes up to $5.40ish, the costs of shorting/going long get flipped around, and the price comes back down to ~$5 after dipping below $5 again. |
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Sell in May and Go Away (everything except Bitcoin).
Though, this probably is another great opportunity to sell bitcoin. I think the price we'll be going back under $5 again. I've actually made a strong case in my subscription about why that might NOT be the case. You're right that it might not be the case. I think, however, it's likely to be the case. |
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Short Squeeze here we come... maybe they will cover above 5.50
Why do you think a short squeeze is coming? If anything, it's already come and gone. |
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